Business

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CORPORATE profitability was on the rise these past nine-months (Jan-Sept 2018) as revealed by the just concluded autumn financial results reporting season. The profit after tax (PAT) clocked in by 96 of the 100 companies that comprise the KSE-100 Index amounted to Rs480.4 billion showing collective growth of around 7.8...

WITH a Pakistan’s population growing at a rate of around 2.6 per cent and projected to reach 300 million by 2050, Punjab — the most populous federating unit of the country — may soon face serious water availability and quality challenges. To meet the challenges the steps taken so far...

ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) of the cabinet on Tuesday to allow export of wheat for earning some foreign exchange and disbursement of about Rs1.6bn to Pakistan Steel Mills (PSM) for settlement of minuscule gratuity and provident fund liabilities. To be presided...

ONE 24/7 news television channel has shut down. Many other news channels, big and small, are teetering on the brink: their advertising revenues have been falling for several months. The keyword in the (electronic) media these days is ‘rightsizing’. From camerapersons to producers to programme hosts — everyone’s job is...

THERE has been a repeated demand from freelancers and e-commerce players to bring PayPal to Pakistan. Finance Minister Asad Umar has also shown commitment to facilitating its arrival. There is also a demand that we should set up our own PayPal-like payment gateway. First, let’s look at some of the...

KARACHI: Pakistan’s new government, headed by Pakistan Tehreek-e-Insaf (PTI), faces uncountable problems such as poverty, electricity crisis, law and order situation, economic crisis and a lot more. These challenges will not only reveal the reality of the government’s claims but will also test its mettle and capacity. One of these problems...

ISLAMABAD: Finance Minister Asad Umar has urged sub-groups of the Economic Advisory Council (EAC) to swiftly come up with recommendations for finalising the National Financial Inclusion Strategy (NFIS). Presiding over a meeting of the EAC sub-groups on NFIS and fiscal sector, Umar emphasised the need for setting diligent timelines for goals,...

ISLAMABAD: The latest edition of the Global Competitiveness Report (GCR), the GCR 2018, has introduced two changes to the Global Competitiveness Index (GCI). One, the 12 pillars and their components have been revised to reflect the changing contours of competitiveness. Two, a scorecard, ranging from 0 to 100, has been introduced...

ISLAMABAD: The International Monetary Fund (IMF) has reached out to parliamentarians and sought their support in the implementation of politically unpopular reforms, which could throttle economic growth, push inflation and unemployment rates up. Led by its mission chief Harald Finger, the IMF delegation was scheduled to meet half a dozen parliamentarians...

ISLAMABAD: The Belt and Road Initiative (BRI) is an inclusive programme consisting of a number of corridors and Special Economic Zones (SEZs). The six corridors that comprise the BRI include New Eurasia Land Bridge, China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan and Bangladesh-China-India-Myanmar, which snake through a number of countries. This...